CMA CGM, SEATRADE Launch Joint Reefer Service
Container shipping firm CMA CGM Group and reefer transport specialist SEATRADE Group will together create a new vessel sharing agreement incorporating the services known by CMA CGM as PAD and by Seatrade as MERIDIAN, linking Northern Europe, the East Coast of the U.S., Central America, the Pacific Islands, Australia, New Zealand, Peru and the Caribbean on a weekly basis. The new service, expected to launch in October 2017ā¦
James Troop Celebrates 150th Anniversary
Liverpool diesel-engine sales and maintenance specialists James Troop & Co is celebrating its landmark 150th anniversary with a surge in new business and export sales. The family-run company based in Runcorn is one of Liverpoolās longest-standing maritime and industrial businesses. It is reporting a 27pc sales hike on last yearās figures between January to June. Growth has steadily been recorded across the board with a notable increase in servicing workā¦
Smaller Tonnage Buoys Baltic Index
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Monday, tracking gains across panamax and smaller vessel segments.
GE, Maersk Drilling Accelerate Digital Partnership
The 'digital revolution' continues in earnest in the maritime and offshore energy sectors, driven by new pilot programs with positive results such as GE (NYSE: GE) and Maersk Drilling, which announced this morning an extension of the scope of their digital partnership following the positive results of a pilot probem, with the bottom line focus of enhancing drilling productivity. During the extended partnershipā¦
Low Water Still Hampers Rhine, Danube shipping
Water on the Rhine and Danube in Germany remains shallow and cargo vessels cannot sail fully loaded, traders said on Monday. The rivers had fallen below normal levels in late June after dry weather.
Japan's Top 3 Shippers Sail to Profit in Q1
The healthy international trade and cost cutting measures augurs well for Japan's to three marine shippers - Nippon Yusen, Mitsui O.S.K. Lines and Kawasaki Kisen Kaisha - reported Nikkei.
S. Korea's Top Three Shipyards Look Bullish
With a slew of contracts to be signed soon South Korean shipyards are expected to clinch a decent number of new orders during the second half of the year, Yonhap reported quoting industry sources.
China Acquires Global Ports: FT
With the aim to dominate maritime industry China has been acquiring overseas ports with huge investments which crossed USD 20 bln last year, Financial Times reported.
Qatar to Maintain Dominance in Global LNG Market
Qatar will maintain its dominance over the global liquefied natural gas market despite increased supply from Australia and the United States, the weekly report by Qatar National Bank (QNB) said.
Can Greece Become Global Maritime Capital ?
The Greek shipping community is confident that Greece can be a maritime center in near term, said a research report. A study -ārepositioning Greece as a global maritimeā¦
Egypt to Establish USD 4bln Petrochemical Complex in Suez
Egyptian Ministry of Petroleum entered in a partnership with the Ministry of Public Business Sector to establish a petrochemical plant in Suez governorate at a total cost exceeds $4 billionā¦
DSME Bags 4 VLCCs Order from Angelicoussis
South Koreaās Daewoo Shipbuilding & Marine Engineering (DSME) won its second order from Maran Tankers Management (MTM), a subsidiary of Greek shipping giant Angelicoussis Shipping Groupā¦
Solstad Farstad Sells 2010-Built AHTS
Solstad Farstad, which claimed to be the worldās largest OSV firm, has sold a relatively new AHTS vessel Far Shogun, since its formation last month following theā¦
Tidewater Reorganization Gets Court's Okay
Tidewater, one of the world's largest offshore vessel owners, said that a court in Delaware approved the company's plans for a restructuring has, which would eliminate $1.6B in debt.
US to be World's Biggest LNG Exporter by 2022
The International Energy Agency predicted that the US will become the world's No. 2 exporter of liquefied natural gas by the end of 2022 with a capacity of 3.7 trillion cubic feet per yearā¦
BIMCO, Shipdex Joins for Data Digitalization
BIMCO and Shipdex have signed an agreement to support the development and exchange of technical and logistic data across the shipping community, and to include BIMCOā¦
Cyprus to Establish Deputy Ministry of Shipping
Cyprus Parliament has passed a bill establishing a shipping junior ministry, the Cyprus News Agency (CNA) reported quoting government sources. The bill, tabled by the governmentā¦
US Navy to Commission John Finn Today
The Navy will commission its newest guided-missile destroyer, the future USS John Finn (DDG 113), during a 10 a.m. HAST ceremony Saturday, July 15, at Joint Base Pearl Harbor-Hickam, Hawaii.
Acorus Denied Access to Paris MoU Region
M/V Acorus vessel was detained in Port of Asprogirpos (Elefsis) - Greece on 6 July 2017. This is the third detention in the Paris MoU region within the last 36 months.
Microsatellites Launched for Maritime Monitoring, Comms and Science
The Space Flight Laboratory (SFL) announced the successful launch of two Norwegian microsatellites developed and built by SFL for the Norwegian Space Centre with support from the Norwegian Coastal Authority, Space Norway and the European Space Agency. The Soyuz-2.1a rocket carrying the satellites into orbit launched from Baikonur at 06:36:49 UTC Friday, July 14, 2017. Shortly after launch both satellites were contacted from ground stations in Svalbard and Vardo, Norway.
